Australia’s Woodside Signs LNG Supply Deal With Germany’s Uniper

On Thursday, Woodside Energy, a leading Australian gas producer, announced new liquefied natural gas (LNG) sale and purchase agreements with Uniper, a German utility company. The agreements involve Woodside supplying 1 million tonnes per annum (Mtpa) of LNG from its Louisiana project and up to 1 Mtpa from its global portfolio.

Logo of Uniper is pictured at the company's headquarters in Duesseldorf, Germany, September 21, 2022.

Uniper’s CEO, Michael Lewis, stated: “This deal will support ... the potential development of additional gas-fired power plants in Germany to complement the renewable build-up.” The supply from the Louisiana LNG facility is set to begin when the facility starts operations and will continue for up to 13 years.

This marks a continued partnership between Woodside and Uniper. In 2022, the two companies entered an agreement for Woodside to supply LNG from its global portfolio to Europe, including Germany, extending until 2039.

Additionally, earlier this month, Woodside finalized a deal to sell a 40% stake in its Louisiana LNG plant to Stonepeak, a U.S. infrastructure investor, for $5.7 billion. These agreements reflect ongoing efforts to meet energy demands while supporting infrastructure development.